Satia Industries Ltd. Share Price

Saatvik Green Energy Secures ₹100 Crore MSEDCL Pump Order

Saatvik Green Energy Ltd SATIA has received a significant order worth ₹100 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 5,000 solar photovoltaic (PV) water pumps. The installation of these pumps is scheduled to be completed within 60 days, highlighting the project’s aggressive execution timeline and near-term business potential. The project is expected to support Maharashtra’s efforts to promote sustainable irrigation solutions, reduce farmers’ dependence on conventional electricity and diesel-powered pumps, and encourage the adoption of clean energy in agriculture. Solar water pumps can also help farmers manage irrigation costs while improving access to reliable energy for agricultural operations. From a business perspective, the ₹100 crore contract provides additional revenue visibility and strengthens the company’s order execution pipeline. The relatively short 60-day completion period could support faster project billing and revenue recognition, subject to installation milestones, contractual terms, and applicable accounting policies. However, timely procurement, logistics, installation, and commissioning will be crucial for successful execution. Investors should also monitor project margins, working capital requirements, payment collection timelines, and any potential execution delays. Overall, the development is positive for Saatvik Green Energy, reflecting demand for its solar solutions and creating an opportunity to strengthen its position in government-backed renewable energy projects. The actual financial benefit will depend on successful execution and profitability of the contract.

Saatvik Green Energy Limited has secured a ₹1,041.63 crorder

SATIA Saatvik Green Energy Limited has secured a ₹1,041.63 crore order from Solar Energy Corporation of India for 600 MWp of solar PV modules, with execution scheduled through December 2027. The order is significant because it adds visibility to Saatvik's domestic module pipeline and strengthens its exposure to government-backed solar demand. The company currently has a 4.86 GW module manufacturing facility in Ambala and is also developing additional capacity in Odisha. My view: the order is positive for the business, but the stock has already reacted sharply. It touched ₹428.25 intraday on September 16 after closing at ₹389.55 on September 15. would avoid chasing the initial spike. For a technical setup, ₹428 to ₹435 is the immediate resistance zone, while ₹400 is the first level to watch on any pullback. A sustained move above ₹435 with volume would improve the technical structure. A break below ₹400 would weaken the setup. Call: Watch for a breakout above ₹435 or a controlled pullback towards ₹400. Risk management remains important after a sharp news-led move. Disclosure: I have no holding or position in Saatvik Green Energy Limited at the time of writing. !KARMAENG

Companies having Ex Dividend date on 22-11-2014

1. Amrutanjan Health Care Rs. 1 per shares 2. Dhruv Consultancy Services Rs. 0.1 per share 3. FDC Rs. 5 per share 4. Krishna Defence Rs. 0.5 per share 5. Mawana Sugars Rs. 3 per share 6. MSTC Rs. 4 per share 7. Nile Rs. 4 per share 8. Orient Technologies Rs. 1.8 per share 9. Panama Petrochem Rs. 2 per share 10. Satia Industries Rs. 0.1 per share 11. Premco Global Rs. 39 per share 12. Steelcast Rs. 1.35 per share 13. Veedol Corporation Rs. 20 per share

Key Corporate Actions for August 21, 2024 (Wednesday)

-> Sun TV Network Ltd - Interim Dividend: ₹5.0000 -> Titagarh Rail Systems Ltd - Dividend: ₹0.8000 -> Bharat Bijlee Ltd - Dividend: ₹35.0000 -> Emami Paper Mills Ltd - Final Dividend: ₹1.6000 -> Engineers India Ltd - Final Dividend: ₹1.0000 -> Gateway Distriparks Ltd - Interim Dividend: ₹1.2500 -> Hindustan Aeronautics Ltd - Final Dividend: ₹13.0000 -> India Glycols Ltd - Final Dividend: ₹8.0000 -> ISGEC Heavy Engineering Ltd - Dividend: ₹4.0000 -> ITD Cementation India Ltd - Final Dividend: ₹1.7000 ->KPI Green Energy Ltd - Interim Dividend: ₹2.0000 ->Linc Ltd - Final Dividend: ₹5.0000 -> Credo Brands Marketing Ltd - Final Dividend: ₹0.5000 -> Pfizer Ltd - Final Dividend: ₹35.0000 -> Rajapalayam Mills Ltd - Dividend: ₹0.6000 -> Shalibhadra Finance Ltd - E.G.M. -> Satia Industries Ltd - Interim Dividend: ₹0.1000 -> Snowman Logistics Ltd - Interim Dividend: ₹1.0000 -> Sprayking - Bonus Issue: 1:1 -> umedha Fiscal Services Ltd - Final Dividend: ₹1.0000 -> Symphony Limited - Interim Dividend: ₹3.0000 -> Symphony Limited - Buy Back of Shares -> Uniparts India Ltd - Interim Dividend: ₹6.7500 -> Vidhi Specialty Food Ingredients Ltd - Interim Dividend: ₹0.3000